A Group of Investors Acquire HR Apps Developer MenaITech from Optimiza

24 Jun, 2011

Amman, Jordan based MenaITech, the regional company specialized in building and deploying human resources applications, underwent a full acquisition from Jordanian systems’ integrator Optimiza.
The company stated that the acquisition process included 100% of its shares. but did not state how much was payed. Optimiza is a the only Jordanian publicly listed tech company in Jordan’s Amman Stock Exchange.

In his comment, MenaITech CEO, Dr. Bashar Hawamdeh said:
“I believe that this process will assist in the company’s expansion strategy and its interest to penetrate new markets, while maintaining trust in its capabilities which, for many years, have managed to compete against international products and solutions. During the upcoming stage, we look forward to increasing our market share and opening new offices that will belong to MenaITech’s network of branches in Jordan, Saudi Arabia, Qatar, UAE, and USA.”

MenaITech strategy also includes signing deals with business partners to represent MenaITech in some Gulf and North African countries in which the company has not launched its services yet.
MenaITech’s products include the human resources information management system MenaHR®, the payroll & personnel solution MenaPay®, the employee & manager self service solution MenaME®, the employee 360 degree feedback evaluation software Mena360®, the comprehensive HR consolidation and analysis module MenaExplorer®, in addition to the revolutionary cell phone notification service MenaSMS®.

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